Thrive Acquisition, a blank check company targeting the global health and wellness industry, raised $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
The company is led by CEO and Director Charles Jobson, the founder and former Portfolio Manager of global equity hedge fund Delta Partners. The company plans to target the global health and wellness industry, focusing on branded food, beverage, and consumer products in the better-for-you or sustainability-focused market sectors, as well as companies supporting the consumer shift towards health and wellness through innovative platforms or technologies.
Thrive Acquisition plans to list on the Nasdaq under the symbol THAC.U. BTIG acted as sole bookrunner on the deal.
